Directions: Prepare a chart of accounts for J. Padilla Barber Shop. Write your answers on a separate sheet of paper. Account Code Account Titles Padilla, Drawvings Equipment Accounts Payable Notes Payable Land Prepaid Expense Service Revenue Padilla, Capital Utilitics Expense Building Rent Expense Cash Supplies Accounts Receivable Salaries Expense Inventory

Directions: Prepare a chart of accounts for J. Padilla Barber Shop. Write your answers on a separate sheet of paper. Account Code Account Titles Padilla, Drawvings Equipment Accounts Payable Notes Payable Land Prepaid Expense Service Revenue Padilla, Capital Utilitics Expense Building Rent Expense Cash Supplies Accounts Receivable Salaries Expense Inventory

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 2.2C

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A summarized statement of transactions relating to a particular person, item expense or income. a. invoice O b. voucher chart of accounts Cd. accounts
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SUBJECT: Financial Accounting and Reporting Instruction: Choose the Debit and Credit Accounts of the following transactions. TRANSACTION: Purchased supplies on account1. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 2. Credit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation TRANSACTION: Paid travelling expenses to pay business permit3. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 4. Credit *a. Cash In Bankb.…
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the entry to record the purchase of supplies on account includes a credit to what?